Partner voices: blogs, opinions, and analysis
Welcome to Sweden. We can serve you a beer or a glass of milk with a very low carbon footprint, thanks to our carbon tax. This tax dates back to 1991. It was one of the earliest carbon taxes, and it is today the highest imposed by any government.
New CPLC Partner Svebio takes a deeper look at the Swedish carbon tax’s positive impact on the food industry.
Putting a price on carbon pollution is recognized as an effective, transparent and efficient policy approach to reducing GHG emissions. Indeed, pricing carbon emissions is much more beneficial than paying its developmental, economic, and health costs! The good news is: more and more countries are taking advantage of this economic instrument and the number of carbon pricing initiatives (such as Carbon Tax or Emission Trading Scheme - ETS) has tripled in the last decade
Read Chandni Dinakaran’s blog post on how the World Bank Group is mapping carbon pricing initiatives around the world.
The Intergovenmental Panel on Climate Change this month published its special report on what action is required to keep global temperature increases to less than 1.5 degrees Celsius above pre-industrial levels. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. Alexis Leroy, the CEO and Founder of Allcot Group, makes the case for bottom-up action.
Dominica, a small-island state in the Caribbean, is among the countries most exposed to natural hazards. In response, Prime Minister Roosevelt Skerrit has expressed “plans to make Dominica the first climate resilient nation in the world”. This includes through strengthening the resilience of Dominica’s physical infrastructure and natural environment, but also through building greater fiscal resilience, flexibility and ability to cope with climate events and shocks. Read more in David Cal MacWilliam’s post.
Nathaniel Keohane, Senior Vice President for Climate Change at the Environmental Defense Fund, emphasizes how, in his words, we can no longer discuss our economic future without considering the enormous costs of climate change. Building off the recent Nobel prize in economics awarded to his former teacher and colleague William Nordhaus, Keohane highlights the costs of climate change, but also the real opportunities a low-carbon economy presents. A case Nordhaus has made for the last quarter century.
Carbon pricing in the news
Today, alongside Mr Teo Chee Hean, Singapore Deputy Prime Minister and Coordinating Minister for National Security, Ms Goh Swee Chen, President of Global Compact Network Singapore, announced the launch of the world’s first CPLC chapter: CPLC Singapore.
The Brown to Green Report is the world’s most comprehensive annual review of G20 climate action, and this is its fourth edition. It has been compiled by Climate Transparency, a global partnership of 14 climate research organisations and NGOs from the majority of G20 countries, many from emerging economies. The report draws on the latest emissions data from 2017 and covers 80 indicators on decarbonisation,climate policies, finance and vulnerability to the impacts of climate change. Providing country ratings, it identifies leaders and laggards in the G20.
See the latest carbon pricing initiatives around the world!
Launched in May 2017, the Carbon Pricing Dashboard is an interactive online platform that provides up-to-date information on existing and emerging carbon pricing initiatives around the world. It builds on the data and analyses of the annual State and Trends of Carbon Pricing report. Users can navigate key statistics and information on carbon initiatives implemented or scheduled for implementation using interactive mapping.
Today, the Government of Canada announced its plans to implement a carbon tax in Ontario, New Brunswick, Manitoba, and Saskatchewan. The tax will return 90% of the revenue back to households in those provinces and send the other 10% to businesses, schools, Indigenous communities and other localities to reduce carbon emissions. The plan is projected to provide most families more money on net when comparing the tax’s costs versus its rebate to households. The announcement continues Canada’s commitment to using carbon pricing as a key tool to reduce carbon emissions and build an innovative, low-carbon economy.
Today, the International Finance Corporation’s Climate Business Department and the Carbon Pricing Leadership Coalition launched Construction Industry Value Chain: How Companies Are Using Carbon Pricing to Address Climate Risk and Find New Opportunities. The Report includes insights into how the construction industry is moving towards sustainability and using carbon pricing as a key tool to lower their carbon emissions.
The findings, interpretations and conclusions expressed here do not necessarily reflect the views of the Carbon Pricing Leadership Coalition (CPLC). Many of the links on this blog will take you to sites operated by third parties. CPLC cannot guarantee the accuracy or reliability of any information, data, opinions, advice or statements meant on these sites.